Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis

Performance review likely to see some retrenchments

At a time when most private sector companies in India have withheld salary hikes and effected paycuts — with many going for layoffs — information technology (IT) services company Capgemini has rolled out wage hikes and promotions for all its employees in India.

The French firm in April had announced a salary hike for 70 per cent of its employee base (Grade A and B) in the country. For rest of the employees comprising middle- and senior-level employees, it has now offered salary increments with effect from July 1. 

Confirming the news, Ashwin Yardi (pictured), chief executive officer, Capgemini India,